Reported gross domestic product is adjusted for inflation. The growth of unadjusted GDP means an economy has experienced one of five scenarios: Produced more at the same prices Produced the same amount at higher prices Produced more at higher prices Produced much more at lower prices Produced less...
aGross domestic product (GDP) measures an economy’s total expenditure on newly produced goods and services and the total income earned from the production of these goods and services. 国民生产总值(国民生产总值)测量经济的总开支以最近被生产的物品和服务和从这些物品和服务的生产赢得的总收入。[translat...
Quan said pessimism on the Chinese economy in Western media is unfounded as there is still huge potential for economic growth. "China's per capita GDP is around $13,000, which is similar to South Korea's level in the 1990s. That means there's a huge amount of development space," he ...
Quan said pessimism on the Chinese economy in Western media is unfounded as there is still huge potential for economic growth."China's per capita GDP is around $13,000, which is similar to South Korea's level in the 1...
Mosteconomists, politicians and businesses like to see GDP rising steadily because rising GDP usually means people spend more, more jobs are created, more tax is paid and workers get better pay rises. 大多数经济学家、政治家和企业家都希望看到GDP稳步上升,为GDP增长意味着更多人消费,更多工作被创造,...
With the rapid economic and social development over the past decades, some new problems and contradictions have emerged in China. This means that GDP should not be regarded as the only measurement of the country’s economic development and social progress.随着过去几十年中国经济与社会的快速发展,...
This means that the values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more key insights for the gross domestic product (GDP) ...
Quan said pessimism on the Chinese economy in Western media is unfounded as there is still huge potential for economic growth. "China's per capita GDP is around $13,000, which is similar to South Korea's level in the 1990s. That means there's a huge amount of development space," he ...
In other words, in an economy with a 5% annual inflation rate, nominal GDP will increase 5% annually as a result of the growth in prices even if the quantity and quality of the goods and services produced stay the same. In contrast,real GDPis adjusted for inflation. This means that it ...
Economists traditionally use gross domestic product (GDP) to measure economic activity and national prosperity. If GDP is rising, the economy is considered to be in solid shape, and the nation is moving forward. On the other hand, if gross domestic product is falling, the economy might be in...